SCHD vs SCHE
Schwab US Dividend Equity ETF vs Schwab Emerging Markets Equity ETF
Which is better, SCHD or SCHE?
Large Cap Value against Large Cap Blend.
SCHD led over 1Y, 5Y and the full window, SCHE over 3Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SCHD | SCHE |
|---|---|---|
| Expense Ratio | 0.06%Tie | 0.06%Tie |
| AUM | $112.2B | $13.1B |
| Dividend Yield | 3.13% | 2.64% |
| Holdings | 103 | 2,210 |
| YTD Return | +27.56%Best | +12.28% |
| 1Y Return | +30.29%Best | +23.19% |
| 3Y Return (annualized) | +16.37% | +18.69%Best |
| 5Y Return (annualized) | +10.23%Best | +6.21% |
| Volatility (annualized) | 13.6%Best | 16.0% |
| Max Drawdown | -33.4%Best | -39.9% |
| $10,000 over 5 years | $16,274Best | $13,515 |
| Fund Family | Charles Schwab Asset Management | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Oct 20, 2011 | Jan 14, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Oct 20, 2011 to Sep 4, 2026 (14.9 years).
SCHD vs SCHE growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 14.9 years both funds cover.
SCHD vs SCHE Performance
Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management and Schwab Emerging Markets Equity ETF (SCHE) is an ETF from Charles Schwab Asset Management. Over the past year SCHD returned +30.29% while SCHE returned +23.19%. Year to date, SCHD is up 27.56% versus a gain of 12.28% for SCHE.
Over three years, SCHD compounded at +16.37% per year against +18.69% for SCHE; over five years the annualized figures are +10.23% and +6.21% respectively. Across the full 15-year window we track, SCHD has the edge at +11.53% annualized vs +4.40%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHE has been the more volatile fund, with annualized monthly volatility of 16.0% compared with 13.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.4% for SCHD and -39.9% for SCHE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
SCHD charges 0.06% per year while SCHE charges 0.06%. On a $10,000 position that is $6 vs $6 annually. On income, SCHD currently yields 3.13% against 2.64% for SCHE.
Holdings Overlap
At least 0.1% of SCHD's money is in holdings SCHE also owns.
Stated as a floor: for SCHE, our book for it covers 91.9% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 129 days apart, SCHD as of Aug 7, 2026 and SCHE as of Mar 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 100 positions we hold weights for in SCHD and 1,410 in SCHE, against full books of 103 and 2,210.
Top Shared Holdings
| Stock | Weight in SCHD | Weight in SCHE | Difference |
|---|---|---|---|
| GVMXXState Street Institutional US Government Money Market Fund | 0.05% | 0.96% | 0.91% |
You are not choosing between two funds in isolation.
Whichever of SCHD and SCHE you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SCHD or SCHE?
SCHD has an expense ratio of 0.06% while SCHE charges 0.06%. At the precision these are quoted to, they cost the same.
Which performed better, SCHD or SCHE?
Over the past year SCHD returned +30.29% vs +23.19% for SCHE, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), SCHD annualized +11.53% vs +4.40% for SCHE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SCHD or SCHE?
SCHE has been the more volatile fund at 16.0% annualized versus 13.6% for SCHD. Worst drawdown: SCHD -33.4% vs SCHE -39.9%.
Should I hold both SCHD and SCHE?
SCHD and SCHE have a monthly-return correlation of 0.59, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SCHD or SCHE?
SCHD yields 3.13% while SCHE yields 2.64%, so SCHD currently pays the higher dividend yield.
Is SCHE better than SCHD?
SCHD led over 1Y, 5Y and the full window, SCHE over 3Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.